GREY:CXEYF - Post by User
Comment by
rfk67on Jun 07, 2006 1:17am
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Post# 10955537
RE: Look out above I'm thinking $3.00 ++
RE: Look out above I'm thinking $3.00 ++I hate to be the nitpicker and the damp cloth but formations under high pressure do not necessarily equate with formations that bear commercial amounts of hydrocarbons nor do they by themselves guarantee huge production volumes and reserves with shallow declines if they do bear the goods. Again, I'm not naysaying the play as I am long but saying that people don't understand the business because they think that there is still risk associated with Chaal is wrong.